The CBOT was mostly lower overnight with grain markets unable to find their footing after two bearish weeks and a weekend of favorable weather for Brazil and Argentina. The day session offered a bit of relief for bulls, however, with corn, wheat, soybeans, and soyoil finding their way to higher trade. The soy complex was the upside leader with soyoil benefiting from renewed optimism and higher trade in crude oil and energy markets, which essentially created a cascade of cautious buying across the CBOT. Corn and wheat, however, didn’t do much on the charts and the day’s push into the green looks technically meaningless on the charts. The market still looks to be absorbing the bearish shocks form the January WASDE with funds happi...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, North America, South America